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Heatwave bonanza 'fails to boost shop sales'

Retail sales slow in July despite people splashing out on fans, food and drink in the heatwave.

SoftBank, which declined to comment, was said to have been considering an investment of at least $100 million.

The pound dips below $1.30 after figures show shoppers shunned stores to focus on the World Cup last month.

The Federal Reserve points to "widespread and critical deficiencies" at the German bank's US division.

Trading on London's stock market is currently suspended and the market has not opened.

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